Tag: family business
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Winning in the family business – getting real with your sibling about performance and job duties
I can’t tell you how many times in the family business I see people comfortably settling in to certain roles and responsibilities based upon their own needs not the needs of the business. Take…
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Losing in the family business – be right but have no team
Many of the family business entrepreneurs we work with are very strong minded individuals who have had a lot of success in the business. Their success further strengthens their position that their way is…
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Winning in the family business – finding win-win and avoiding win lose
The last couple of weeks are a great example of what not to do in a family business. Imagine the family business if we had extreme positions on the left and the right that…
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Family Identifies Humor as a Key Attribute for Family Business Success
One of the exercises we have families do is to reflect upon the attitudes and behaviors that lead to their success and conversely, their breakdowns. Business coaching utilizes many of the same ideas that…
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Cousin Thinks He is the Star; Employees Think He’s Average at Best.
It’s not that uncommon for us to come across family members in family businesses that have an unrealistic sense of their abilities and impact. However, this can have a detrimental effect on the business…
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Winning: Family Business Dad Learning to Give Direct and Productive Feedback to Family Members!
Yesterday was one of those days that gave me great joy as a family business coach! Part of our process is to teach families how to have quarterly reviews of goals and business results.…
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5 lessons from the family business looking back 15 years later
Life doesn’t always go the way you think it will. I spent most of my childhood thinking that I would spend my entire career in our family business and hopefully someday run the family…
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5 situations you want to avoid before it becomes too late in your family business
I can’t tell you how many families come to me when the building is already deeply engulfed in flames (metaphorically speaking) and it’s probably too late to stop the fire and/or there’s been such…
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4 reasons and ways to practice acceptance with mom and dad in the family business
Working in your family business with your mother and father sometimes feel like a prison sentence with no sign of parole anytime in the near future! I know I spent 16 years doing time…
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How do we expect politicians to get along when we can’t get along with our own families?
The politicians have reached an impasse and have decided to allow the federal government to shut down because they can’t find common ground. Quite honestly, this sounds like some family businesses I come across. …
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Top 5 traits family business should want for the next generation
Resilience and self-reliance Life brings many challenges. One of the greatest assets a person can have is the ability to handle adversity. At the beginning of most family business stories is a story of…
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Parents: Don’t let style differences implode your succession
In case you haven’t noticed, we are all wired with different behavioral styles! Look around and you’ll see it: fast and decisive, slow and methodical, spontaneous (and lacking accountability), and consistent and conservative. See…
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